Mukul Agrawal stock jumps after receiving order for supply aero-engine components

During Friday’s trading session, the shares of a leading Indian manufacturer of precision metal components for critical applications surged nearly 1.3 percent on BSE, after securing a major order from a France-based company.

Price Movement

With a market cap of Rs. 22,626 crores, at 02:40 p.m., the shares of PTC Industries Limited were trading in the green at Rs. 15,100, up by nearly 1 percent, compared to its previous closing price of Rs. 14,995.75. The stock has delivered multibagger returns of around 104 percent in one year, while about 49 percent of positive returns in one month.

What’s the news

As per the latest exchange filings, Aerolloy Technologies (ATL), a wholly-owned subsidiary of PTC Industries Limited, has received a significant order from Safran Aircraft Engines (SAE). This long-term purchase order involves supplying 7 cast aero-engine components, utilizing both titanium and superalloys, for CFM’s advanced LEAP-1A and LEAP-1B engines.

This collaboration positions Aerolloy Technologies as the only Indian company supplier of cast components in titanium and superalloys to a world-class aircraft-engine manufacturer. The order includes components for both LEAP-1A and LEAP-1B engines, highlighting ATL’s expertise in producing complex, high-quality parts for next-generation aero engines.

The LEAP engine series is recognized for its efficiency and lower environmental impact, aligning with the aviation sector’s sustainability goals. With over 370 LEAP-powered aircraft currently operating in India and more than 2,000 LEAP engines on order for Indian airlines, Safran continues to strengthen its partnerships with key Indian suppliers to meet the rising demand for aero-engine components.

Also read: Microcap stock jumps 5% after receiving ₹28 Cr order from Oil & Natural Gas Corp

About the Awarding Entity

Safran Aircraft Engines (SAE) specializes in designing, manufacturing, and selling commercial and military aircraft engines, either independently or through partnerships. Through CFM International, a 50/50 joint venture with GE Aerospace, SAE is the leading supplier of engines for single-aisle mainline commercial jets.

CFM International is a 50/50 joint venture between Safran Aircraft Engines and GE Aerospace. Headquartered in Courcouronnes, France, SAE is part of the global Safran Group and operates multiple facilities worldwide. It also has a significant presence in Hyderabad, India, with a facility near Rajiv Gandhi International Airport.

Previous Updates

30th January: PTC Industries Limited signed an MoU with the Government of Odisha to set up an aerospace-grade Titanium Sponge manufacturing facility in the state.

This initiative will position PTC and its subsidiary, Aerolloy Technologies, among the few global companies with a fully integrated Titanium manufacturing value chain—ranging from Titanium Sponge production to alloy ingots, forged billets, rolled bars, rods, sheets, plates, and precision castings.

With this Titanium Sponge capability, PTC Industries moves closer to its vision of achieving global leadership in critical metals and component manufacturing for aerospace, defense, and high-performance industrial applications.

Financials

PTC Industries reported a significant growth in its revenue from operations, showing a year-on-year increase of around 22 percent from Rs. 55 crores in Q3 FY24 to Rs. 67 crores in Q3 FY25.

Similarly, its net profit increased during the same period from Rs. 8 crores to Rs. 14 crores, representing a rise of nearly 75 percent YoY. Between FY21 and FY24, the company’s revenue from operations grew at a CAGR of 16 percent, while net profit surged at a CAGR of nearly 119 percent.

Shareholding Pattern

As per December 2024 shareholding pattern, the Promoters hold a 59.75 percent stake in the company, Foreign Institutional Investors (FII) hold a 3.37 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 30.37 percent and 6.5 percent stake in PTC Industries, respectively. The ace investor Mukul Mahavir Agrawal holds a 1.07 percent stake in the company.

About the company

PTC Industries Limited is a leading manufacturer of metal components for critical and super-critical applications for industries including defence, oil & gas, liquefied natural gas (LNG), ships & marine, etc. 

The company exports over 75 percent of its products to various countries worldwide to renowned customers like Rolls Royce, Siemens, GE, Alstom, Metso, and Emerson, amongst others.

Through its wholly-owned subsidiary Aerolloy Technologies Limited, the company is manufacturing and supplying Titanium and Superalloy castings for Aerospace and Defence applications within India as well as for exports.

Written by Shivani Singh

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